Switzerland Releases Emergency Oil Reserves ...Middle East

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Switzerland Releases Emergency Oil Reserves
source : OILPRICE ( Middle East ) () 23
Switzerland will release oil from its emergency reserves as it lowers the obligatory levels of petroleum stocks by 6.5% due to low water levels on the Rhine River and chaos in railway transportation, the government said on Friday. A spokesperson for the government confirmed to Reuters that the decision to reduce the mandatory stock level by 6.5% between July 25 and the beginning of September would include the release of reserves. Heat waves and droughts in many parts of Europe have drained the water levels at the biggest navigational rivers, including…

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